Chip Barnett is a journalist with almost 50 years of professional experience. He started his career at the Gannett Newspapers in Westchester County, N.Y., working his way up from back-shop compositor to Senior News Editor. Barnett later worked for Thomson Reuters in Manhattan, covering state and local government finance as a Reporter and later Executive Editor for TM3.com and as Editor in Charge of Municipal Finance for Reuters News. Later, he was the Editor of Municipal Finance Today at SourceMedia. Barnett has also worked for DebtWire/Municipals and has written about commercial real estate in South Florida and the Midwest for both The Real Deal and Globe Street. Barnett is currently a Reporter at The Bond Buyer.
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Municipal bond traders are looking ahead to the upcoming week's dramatically lighter calendar, which has no new issues over $250 million on it.
April 24 -
Prices of top-rated municipal bonds finished out the week little changed, according to traders, as the market worked off the weeks hefty volume. Almost $8 billion of bonds came to market during the week ended April 17, according to Thomson Reuters, with the calendar consisting of about $5.4 billion of negotiated deals and $2.6 billion of competitive sales.
April 17 -
Prices of top-rated municipal bonds were unchanged at mid-session, traders said, as the market looks ahead to an almost $9 billion slate of new bonds for next week, topped off by several big deals from Far West issuers.
April 17 -
Traders of municipal bonds were taking a breather on Friday as they look ahead to next week's spate of new supply, topped off by big deals from Far West issuers.
April 17 -
Prices of top-shelf municipal bonds were stronger at mid-session, traders said, with yields on some longer-dated maturities falling by as much as two basis points.
April 10 -
Prices of top-rated municipal bonds were weaker at mid-session, according to traders, with yields on longer dated maturities as much as two basis points higher.
April 7 -
The municipal bond market is ready to absorb the first of the week's new issues, starting with deals from Tennessee and New York.
April 7 -
Prices of top-rated municipal bonds finished stronger on Monday, traders said, as yields on some maturities fell by as much as two basis points. Meanwhile, a new survey showed that credit analysts have named public pensions as the most important issue facing the market today.
April 6 -
For the first time in 12 weeks, municipal bond funds reported a cash outflow as retail investors cashed out ahead of the April 15 tax filing date.
April 2 -
Lumesis Inc. and Ipreo announced on Monday a new strategic partnership that aims to help clients in the municipal bond market comply with a myriad of securities regulations.
March 30 -
Prices of top-shelf municipal bonds closed mostly steady on Friday, traders said, as yields remained flat after rising on Thursday. For the week, munis stayed nearly unchanged in four out of the five trading sessions.
March 27 -
Prices of top-shelf municipal bonds were steady at mid-session, traders said, as yields were flat after rising on Thursday.
March 27 -
Prices of top-shelf municipal bonds finished out the week stronger, traders said, as yields continued to fall in the aftermath of the Federal Open Market Committee meeting. Since the FOMC meeting, yields on the 10-year have fallen by 15 basis points while the yield on the 30-year is off by 14 basis points.
March 20 -
Prices of top-rated municipal bonds were a bit stronger at mid-session, according to traders, ahead of this week's $8.2 billion new issue slate and the two-day meeting of the Federal Open Market Committee.
March 16 -
Prices of top-rated municipal bonds finished out the week slightly unchanged, according to traders, as the market took a breather on Friday to digest some of the weeks hefty new issue slate and adopted a cautious tone ahead of the upcoming Federal Open Market Committee meeting.
March 13 -
Prices of top-rated municipal bonds were slightly weaker at mid-session, according to traders, with yields on some maturities up by as much as one basis point.
March 13 -
The municipal bond market was taking a breather on Friday as it worked through the biggest new issue calendar of the year.
March 13 -
Prices of top-rated municipal bonds ended substantially weaker on Friday, traders said, after the release of a strong employment report that hinted at a mid-year interest rate hike by the Federal Reserve. Meanwhile, municipal volume continued to surge, with $12.4 billion of new bonds set to be priced in the upcoming week, after a hefty new issue slate came to market in the prior week.
March 6 -
Prices of top-rated municipal bonds plunged at midday, traders said, after the release of a strong employment report that many see as giving a green light to a mid-year interest rate hike by the Federal Reserve. Yields were up by as much as eight basis points on some top-shelf munis.
March 6 -
Prices of top-rated municipal bonds finished mixed on Friday, traders said, as yields were unchanged to up by two basis points on the long end. While watching muni yields closely, market professionals will also be looking at another week of heavy issuance, when almost $9 billion of new supply is set to come to market.
February 27
